SUPERLOOP ANNOUNCES IPO

Written on the 30 April 2015

SUPERLOOP ANNOUNCES IPO ASIA-FACING telecommunications infrastructure provider Superloop has leaped into an IPO with intentions to soon list on the ASX and raise $17.5 million.

The Brisbane company, created by Bevan Slattery (pictured) and to be headed by Daniel Abrahams, boasts the vision of building the leading independent provider of fibre connectivity services across Asia Pacific.

Superloop's initial key assets include a 15-year exclusive right to a 130km fibre network within Brisbane, Sydney and Melbourne connecting many of the key data centres within those metropolitan areas and includes customers such as iiNet, M2 and Annitel.

The company has also recently acquired a strategic underground duct network spanning approximately 120km in the Asian telecommunications hub of Singapore and is currently undertaking the rollout of its fibre optic network. 

At the A$1.00 offer price, Superloop will have a market capitalisation of A$90 million on completion of the offer. 

It anticipates to begin trading on the ASX in June.

Superloop founder and executive chairman Bevan Slattery, whose previous ventures have included TPG-acquired Pipe Networks and the ASX-listed data centre provider NEXTDC, says Superloop's IPO and planned ASX listing will assist the company's international strategy.

"Superloop's initial key network assets reflect our investment philosophy, that is, to build and acquire telecommunications assets in markets of high interconnectivity density with favourable industry dynamics," says Slattery.

Once Superloop's Singapore fibre optic network is rolled out, it will interconnect major data centre and submarine cable landing station locations including Equinix SG1, SG2, SG3; Global Switch and Digital Realty; and Singtel's Katong and Tuas Cable Landing Stations.

By connecting more than 80 data centres in four key markets, there is a view of buying into a large share of the growing wealth of data in the Asia Pacific.

The Superloop board also includes non-executive directors Michael Malone (founder and former CEO of iiNet Limited), Greg Baynton (former Director of PIPE Networks Limited and NEXTDC Limited and Asia Pacific Data Centre Limited) and Louise Bolger (telco and media lawyer, General Counsel for Emerchants Limited, and former General Counsel for Southern Cross Media and PIPE Networks Limited).

Proceeds from the Offer will be used to complete the construction of the Australian and Singapore networks, operate and maintain those networks, hire additional sales professionals and continue to evaluate new growth opportunities.

The offer is managed and fully underwritten by Moelis Australia Advisory Pty Limited and Morgans Corporate Limited (the Joint Lead Managers).


Latest News

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter